By Marisa Wong
Madison, Wis., July 15 - Deutsche Bank AG, London Branch priced $8.63 million of 0% knock-out notes due Jan. 18, 2013 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying level on any day is equal to the closing index level on that day multiplied by the dollar per euro spot rate on that day.
A knock-out event occurs if the underlying level is less than the initial level by more than 39% during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the underlying return and zero. Otherwise, investors will receive par plus the underlying return, with exposure to losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $8.63 million
|
| Maturity: | Jan. 18, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If underlying level never falls by more than 39%, par plus greater of the return and 0%; otherwise, par plus underlying return with exposure to losses
|
| Initial index level: | 2,715.05
|
| Initial spot rate: | 1.4161
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 2515A1A27
|
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